"Cruise 'Just Days Away' From Approval To Mass-Produce Origin Robotaxi Without Steering Wheels" - The Verge
Portfolio Pulse from Happy Mohamed
GM-backed Cruise is reportedly close to receiving regulatory approval to begin mass production of its fully autonomous vehicle, the Origin robotaxi, which lacks a steering wheel or pedals. The approval is expected to come from the National Highway Traffic Safety Administration (NHTSA), which grants a limited number of exemptions to federal motor vehicle safety standards each year. The decision is expected to be made later this month.
September 07, 2023 | 7:15 pm
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POSITIVE IMPACT
GM, as the backer of Cruise, stands to benefit from the potential regulatory approval for the mass production of the Origin robotaxi. This could potentially boost GM's position in the autonomous vehicle market.
GM's backing of Cruise places it in a strong position to benefit from the potential success of the Origin robotaxi. If regulatory approval is granted, this could signify a significant step forward in the autonomous vehicle market, potentially boosting GM's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100